Gravita India plans ₹1,000 crore QIP fundraise
Board approved the QIP in early October 2024
Promoters hold a 63.37% stake in the company
Q2 2024 net profit rose 26.3% YoY to ₹72 crore
Q2 2024 revenue increased 11% YoY to ₹927.4 crore
EBITDA decreased 13% YoY to ₹63.4 crore in Q2
Company targets 22-27% volume growth this year
Stock price increased 1.95% on the BSE